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The stock market collapse of 2000 wiped out over two-thirds of the value of the Nasdaq Index and decimated the hopes and dreams of millions of Americans. That event prompted this week’s special guest Michael Panzner to write his first bearish book, Financial Armageddon. Written in 2007, that book proved eerily prophetic in predicting the economic crisis we now face in the aftermath of the Lehman Brothers collapse in September 2008. The outcome of Financial Armageddon is a bankrupt nation that will leave Americans with no choice but to endure a significantly lower standard of living for years t
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